According to Chief Justice Sundaresh Menon, the VIMA initiative “complements our national efforts to promote the growth and vitality of Singapore`s venture capital ecosystem.” This standard sheet should be adapted to take into account the capital structure of the company (including all rights that existing investors may have). The objective of the standard agreements is to reduce the need for companies to spend time and money preparing and negotiating venture capital investments, particularly in the initial phase of financing. The documents were developed by a committee of leading lawyers, investors and financiers. Our goal is simple: to promote sectoral legal documentation in the UK, so that investors and entrepreneurs can focus on deal-specific topics. This will inevitably save time and money and follow the precedent in the United States. We encourage all parties to use these documents as a starting point for their investments.  In 2017, in Singapore, 112 agreements yielded more than $1.2 billion in venture capital investments. See KPMG press release, “2017 Global Venture Investment Investments Decade High of $155 billion after a strong fourth quarter” (January 18, 2018). Note: The assumptions used for the schedule, the subscription contract and the shareholder contract were as follows during the design process: 1) investors take a significant minority stake in a growing company based in Singapore, 2) the investment vehicle is series A preferred shares, 3) the documents are governed by Singapore law Singapore being the forum for any dispute resolution. Further documents will be introduced to meet the needs of stakeholders in the venture capital sector.
Venture capital investments are becoming more common in Singapore and Southeast Asia. Taking into account the interests of founders and investors, we want to reduce transaction costs and trading time. Venture capital model agreements (VIMA) provide a series of standardized documentation for use in seed cycles and start-up financing. The Singapore Academy of Law has launched a five-part webinar series on the theme “VIMA Series in Early-Stage Fundraising.” These 5 modules will provide a deep overview of a wide range of topics related to start-up venture capital collection for start-ups, future venture capitalists and legal advisors. The curriculum was designed to provide participants with the sufficient knowledge necessary for a fundraising agreement and the expectations necessary to ensure that each agreement results in a win-win outcome for all parties. These documents were developed for use in a Series A funding series. They provide for a significant investment, entirely or partially made by fund investors. You don`t lend yourself to seed investment and you`ll find more information on helping entrepreneurs in this area in the drop-down tab on the right. This confidentiality agreement assumes that a company provides a potential investor with confidential information about itself.